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Benzinga
  • 2 minutes ago
JPMorgan warned the U.S. job market may start 2026 weak as trade uncertainty, tighter immigration, and cautious AI investment slow hiring and push unemployment higher.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:03J.P. Morgan said the U.S. job market is likely to start 2026 week due to trade uncertainty,
00:10stricter immigration policies, and cautious corporate investment in AI, according to Benzinga.
00:16Economists said slower job growth in 2025 followed uncertainty around Trump's tariffs
00:22and trade policy, which kept hiring and layoffs low. J.P. Morgan said unclear trade rules and
00:28costs have made businesses hesitant to expand their payrolls. The firm also cited reduced
00:33worker supply from immigration policies and a flat participation rate. Monthly job gains needed
00:39to hold unemployment steady could fall to 15,000 from 50,000, with unemployment peaking near 4.5%
00:46early in the year. J.P. Morgan said AI spending has not produced job growth. Economists and
00:52researchers warned that rising unemployment could signal recession risks tied to tariffs.
00:56For all things money, visit Benzinga.com.
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